Rochester, NY is a great area for housing with a median value of $130,900, significantly lower than the US median of $338,100. Furthermore, the appreciation rate in Rochester is also higher - 9.90% in comparison to 8.27% nationally - indicating that it's a strong market for a potential return on investment. For those looking to buy or rent in the area, Rochester is an attractive option due to its low prices and high appreciation rates.
The median home cost in Rochester is $130,900. Home appreciation the last 10 years has been 78.2%. Home Appreciation in Rochester is up 14.2%.
Average Age of Homes
- The median age of Rochester real estate is 78 years old
The Rental Market in Rochester
- Renters make up 54.1% of the Rochester population
- 3.8% of houses and apartments in Rochester, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.